williamjones

​Jewelry may be the quintessential Valentine’s Day gift, but it has also become the darling of would-be fraudsters.

Here are some of the top ways the insurance industry uses technology to fight fraud costing businesses and consumers $308.6 billion a year.

Contractor B paid a fraudulent invoice for $26,000 to a hacker claiming to be Contractor A, and now doesn’t want to pay the legitimate bill.

​Independent agents recommend the best solutions to protect their clients. However, they sometimes fail to follow their own advice—particularly when it comes to protecting their agency against financial fraud.

Open-source intelligence (OSINT) and data enrichment are valuable allies to help flag suspicious activity.

In many cases, agents are the first line of defense against potential fraudsters. What role do independent agents play in preventing insurance fraud? And what are the consequences if they don’t?

The pandemic has accelerated the move toward digitalization, bringing with it a rise in digital fraud. Here are four insurance fraud trends to watch out for.

An insured wired $50,000 for a car that didn’t exist. The carrier is denying false pretense coverage under his dealership insurance because the claim is for a car and the dealership is classified as a motorcycle dealership.

Fraudulent vendor invoices are a growing problem.

Do you know how much these crimes cost?